Big Rock Partners Opens Second Senior Living Community

Big Rock Partners had cause for celebration this week, as its second senior living development opened in Florida, at a total cost of $82 million, or $343,000 per unit. Situated on nine acres (purchased in 2014 with the help of a $4.5 million loan from Sabra Health Care REIT) in the Walt Disney Company-developed master […]

Generations Senior Living Gets Green to Go Green

Walker & Dunlop successfully structured an $82.077 million loan under Fannie Mae’s Green Rewards loan program, the first for a seniors housing property in the program’s history. Jeff Ringwald and Bill Jackson led the Walker & Dunlop team to structure a 10-year loan with two years of interest only and a 30-year amortization schedule to […]

Walker & Dunlop Obtains HUD Financing For Senior Living Project

A group of local owners in Colorado went to HUD to receive construction financing for their 137-unit senior living development in Monument, Colorado (between Denver and Colorado Springs). Having just broken ground last month, the community will feature 80 assisted living, 30 memory care (in two separate 15-unit neighborhoods) and 27 independent living units on […]

Senior care campus gets HUD and Fannie Mae financing

One size didn’t fit all at a senior care campus in Boise, Idaho when it decided to refinance its existing debt through two lending agencies: HUD and Fannie Mae. The property, which comprised a skilled nursing facility and an independent/assisted living community, had a single existing mortgage, but required two different lenders to fund two […]

Walker & Dunlop & HUD

With the recent changes to HUD’s LEAN program, we wondered how long it would take to see a real impact on transaction volume with the agency. Well, Walker & Dunlop may not have closed an actual HUD transaction, but it did position itself well to do so in the future. For approximately $45 million, the […]

Walker and Dunlop back at it

Not resting on its laurels following the recent $1.27 billion Freddie Mac financing it closed, Walker & Dunlop announced another financing, this time structuring a $68.2 million construction loan for a 318-unit senior living community to be built in Palm Beach County, Florida. The loan featured a floating rate of about 300 basis points over […]

Reading the Holiday tea leaves

As most of you have read recently, Walker & Dunlop closed its largest loan ever (almost double the size of its $670 million financing that the company closed earlier in 2015) in the form of a $1.27 billion seven-year adjustable-rate Freddie Mac loan secured by 78 Holiday Retirement independent living properties. The financing, led by […]